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south african trip, where president obama was very mindful of mr. mandela's health. remind the viewers of what president obama did when he went to south africa several months ago? >> well, again, i wasn't on that trip, but there was oncern, some talk even then. nelson mandela was in failing health at that time. that perhaps his visit to south africa could coincide with nelson mandela, his illness. he didn't go visit directly with nelson mandela at the time. their two lives, given their places in history, have intersected somewhat. we are waiting to hear what president obama says about nelson man tele. would not be surprised to have him appear on camera to discuss his legacy not only in south africa, but in the united states. there is a new movie out now about nelson mandela and his journey from an activist at the african national congress, to his imprisonment, his release and his rise to lead south africa, the incredible rise to lead south africa. no word exactly on what the president can say or when real hear something from president obama. i would
south african trip, where president obama was very mindful of mr. mandela's health. remind the viewers of what president obama did when he went to south africa several months ago? >> well, again, i wasn't on that trip, but there was oncern, some talk even then. nelson mandela was in failing health at that time. that perhaps his visit to south africa could coincide with nelson mandela, his illness. he didn't go visit directly with nelson mandela at the time. their two lives, given their...
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Dec 10, 2013
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president obama was among those who spoke at the service for mandela. the president made headlines by shaking the hand of event president raul castro. that was the first handshake between those leaders in 13 years. the nominate to head the irs is at his confirmation hearing. will work to he restore the public's trust in the agency. they are struggling with budget cuts and political applications of admitting it applied closer groups. to tea party general motors named a new ceo, making her the first woman to lead a global auto company. there is an -- she is an engineer and has been for 30 years. she will take over for dan a person -- akerson. now to amazon. we all know it is a major online retailer. you may not know that amazon has been quietly building an advertising agency over the last few years. $600 million over it is expectednd to grow this year. cory johnson is back with more on this story. who knew? >> i have been learning a lot about amazon the last couple years. robust with advertising. according to the new -- next guest, there is a new normal.
president obama was among those who spoke at the service for mandela. the president made headlines by shaking the hand of event president raul castro. that was the first handshake between those leaders in 13 years. the nominate to head the irs is at his confirmation hearing. will work to he restore the public's trust in the agency. they are struggling with budget cuts and political applications of admitting it applied closer groups. to tea party general motors named a new ceo, making her the...
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Dec 10, 2013
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tens of thousands of south africans. nelson mandela last thursday at age of 95. lulu lemon -- the founder of the company is stepping down as chairman. he will be replaced by the lead director. the ceo is also step down and will be replaced by former toms shoe president. all because of those sheer yoga pants. a drugmaker warns that its earnings will miss analysts estimates next year if regulators allow generic companies of a multiple -- of a multiple sclerosis drug. we will be back in two minutes. ♪ bitcoin has been a speculative frenzy lately. but will all the attention celebrating the 12 days of bitcoin -- not really a traditional holiday. matt miller is here for a day two. on the second day of bitcoin, matt miller gave to me -- what have we got? >> today is the day where i start experimenting with all the different kinds of stuff i can buy. each day we are going to do something different with bitcoin. yesterday was about acquiring the coin, which i did. i bought it for about $800 in cash. cory actually stole $20. >>
tens of thousands of south africans. nelson mandela last thursday at age of 95. lulu lemon -- the founder of the company is stepping down as chairman. he will be replaced by the lead director. the ceo is also step down and will be replaced by former toms shoe president. all because of those sheer yoga pants. a drugmaker warns that its earnings will miss analysts estimates next year if regulators allow generic companies of a multiple -- of a multiple sclerosis drug. we will be back in two...
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Dec 10, 2013
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leaders across the world including barack obama and leaders in brazil and india will pay tribute to mandela today at the stadium. with the continue to monitor these pictures -- will potential monitor these pictures and breaking any news and show you speeches -- we will continue to monitor these picture and bring you any news and show you speeches. lessor, chief european economist. -- let's welcome chief european economist. it is a relatively calm to say the least. if 2014 going to be more of the same? tofrom a crisis situation politicization state of situation, we are looking at the effect from stimulation policies that took place this year that were successful in realizing the market. unfortunately i must the negative side effects. we demand. the biggest challenge for 2014 will be the backdrop and in the banking sector. >> you talk about too low inflation, are you worried about deflation? >> the risks in the region we are seeing potentially a very large output gap and rapidly rising that is strong warning. not acclimated which i am very concerned about. the currency is moving again
leaders across the world including barack obama and leaders in brazil and india will pay tribute to mandela today at the stadium. with the continue to monitor these pictures -- will potential monitor these pictures and breaking any news and show you speeches -- we will continue to monitor these picture and bring you any news and show you speeches. lessor, chief european economist. -- let's welcome chief european economist. it is a relatively calm to say the least. if 2014 going to be more of...
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Dec 10, 2013
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obama and -- barack many other world leaders are in attendance. let's talk about what we are seeing as the event is unfolding. lenny joins us with more. stunning pictures coming. clearly, a huge amount focus on this event. what is the story that is going to be told? >> people are still arriving. hundreds of thousands, millions will be watching what goes on today. these are live pictures from the stadium. it is raining, but south africans are singing. they are so part of this moment, knowing they will reflect back on a leader that change this country's face. be addressingill the crowd. other people will also be addressing. we also have the president of was notd xi jinpeng able to attend, which was interesting. of state will be addressing the crowd from that country. india and cuba as well. president, the man who succeeded nelson mandela, a man that also did not finish his second term in office as well. a lot of controversy surrounding him. this is the part where we see south africans coming together, all editions showing that they are united. mande
obama and -- barack many other world leaders are in attendance. let's talk about what we are seeing as the event is unfolding. lenny joins us with more. stunning pictures coming. clearly, a huge amount focus on this event. what is the story that is going to be told? >> people are still arriving. hundreds of thousands, millions will be watching what goes on today. these are live pictures from the stadium. it is raining, but south africans are singing. they are so part of this moment,...
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Dec 10, 2013
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and president obama has just finished beating in south africa at the memorial service for nelson mandela where he joined 90 other heads of state. click select to company news this morning. >> government motors no more. the government has sold the last of it they can general motors five years after it gave its first round of eight. it lost about $10.5 billion on its bailout. sac capital striking a deal for its reinsurers. it is selling the reinsurance unit it found that last year. it comes as it transitions following in insider trading settlement. a group led by former marsh and look in and ceo is buying it -- mcclalnnan. new ceo. naming a also announcing the company's founder and chairman is stepping down. remember, last month he told trish regan right here on bloomberg television that some women cannot wear lululemon pants. >> we make jokes about it but this is a very serious issue. they had the flap and all the sheerness -- >> and he did not help matters by saying that. >> is with a glory stock, a year and a half it was a moonshot. >> they cut the full revenue outlook. and it is not ju
and president obama has just finished beating in south africa at the memorial service for nelson mandela where he joined 90 other heads of state. click select to company news this morning. >> government motors no more. the government has sold the last of it they can general motors five years after it gave its first round of eight. it lost about $10.5 billion on its bailout. sac capital striking a deal for its reinsurers. it is selling the reinsurance unit it found that last year. it comes...